employees. High turnover might cause company to incur unnecessary cost (Shehan‚ Tom) and it may also cause other problems such as corrosion of the company’s culture and lost in confidence of the remaining staffs. | The Three-Component Model of Organizational Commitment | Herzberg’s Motivator-Hygiene Theory | Schwartz’s Value Theory | Does the theory explain possibility of personal reasons which may lead to turnover? | Yes‚ strongly.(Affective Component) | No | Yes‚ strongly.(Inability to attain
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Main Challenges 1. People have different personalities‚ asymmetric interests & goals. Need to use strategies to understand and appreciate differences but also leverage commonalities. 2. Successful teams share information across group members‚ create fair decision-making processes‚ are aware of systemic effects of decisions over time‚ create a climate of trust and psychological safety. 3. Important to understand how to get the best performance out of each team member; learn from experience and
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assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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expectations for revenue accounts Recognize factors that lead to precise expectations of account balances Appreciate the degree of professional judgment involved in evaluating differences between expected and reported account balances Understand the audit planning implications of using analytical procedures as substantive tests of account balances Burlington Bees‚ an independent‚ minor league baseball team‚ competes in the North-west Coast League. The team finished in second place in 200X with
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Standards Introduction Self-regulated: the standards governing audits were established by members of the profession themselves Sarbanes-Oxley Acct of 2002 Created: Public Company Accounting Oversight Board (PCAOB) to provide external and independent oversight over the audits of public entities Responsible for registering public accounting firms‚ establishing standards for audit engagements‚ and inspecting the quality of audits conducted by public accounting firms ****Generally Accepted Auditing
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the circumstances and opinion expressed by an auditor‚ where he is unable to obtain sufficient audit evidence. 2. Auditors of M/s Santa Banta (P) Ltd. were changed for the accounting year 2010-11. However there was no change in the position of closing stock which remained at ` 400 lacs . The auditors of the company propose to exclude the audit of closing stock of ` 400 lacs from their audit programme on the understanding that it pertains to the preceding year which was audited by another
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1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one
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for violent acts that are committed during work by their own employees? They need to be aware of at-risk employees who may commit violent acts and the managers of the company should encourage their employees to report any threatening or suspicious behavior. Also depends on the policies set forth by the company ant the company’s ability to be consistent with said policies 2. Can companies completely prevent workplace violence? If not‚ what steps can they take to reduce it? No. The steps that they
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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9 4. Recommendations for practice 12 5. Conclusion 12 References 13 1. Introduction Employee engagement (EE) is an essential part of organizational life and of paramount interest to human resource management (HRM) professionals in the banking industry due to its influence on the organizational outcomes. This paper therefore examines the topic with the aim of defining EE and identifying the use of‚ value and benefits of EE to be obtained from industry surveys.
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